Business
    Next Score View the next score

    Market Mover

    Facebook passes $30; first time since July

    The stock has risen lately on optimism Facebook will be able to profit on mobile ads.
    DENIS CHARLET/AFP/Getty Images
    The stock has risen lately on optimism Facebook will be able to profit on mobile ads.
    Advertisement

    Facebook Inc. stock pushed above $30 for the first time since July as the company invited reporters to ‘‘come and see what we’re building’’ on Tuesday at its headquarters. Facebook would say nothing more. The speculation about what will be announced ranged from a Facebook phone, which the company has denied exists, to new search capabilities that would put Facebook in direct competition with Google. The stock debuted last year at a public offering price of $38.